Amy Horton Sells 4,000 Shares of CryoLife, Inc. (CRY) Stock
CryoLife, Inc. (NYSE:CRY) CAO Amy Horton sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.00, for a total value of $76,000.00. Following the sale, the chief accounting officer now owns 98,705 shares in the company, valued at approximately $1,875,395. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of CryoLife, Inc. (CRY) traded down $0.20 on Monday, hitting $18.65. The stock had a trading volume of 114,300 shares, compared to its average volume of 164,817. The firm has a market cap of $623.98, a P/E ratio of 45.49 and a beta of 0.82. CryoLife, Inc. has a one year low of $14.02 and a one year high of $24.00. The company has a quick ratio of 4.90, a current ratio of 5.96 and a debt-to-equity ratio of 0.29.
CryoLife (NYSE:CRY) last issued its earnings results on Monday, October 30th. The medical equipment provider reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $44.00 million for the quarter, compared to the consensus estimate of $44.60 million. CryoLife had a return on equity of 6.43% and a net margin of 5.28%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. equities analysts predict that CryoLife, Inc. will post 0.28 earnings per share for the current year.
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CRY has been the topic of several recent analyst reports. Lake Street Capital boosted their price objective on CryoLife to $26.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded CryoLife from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub downgraded CryoLife from a “buy” rating to a “hold” rating in a report on Monday, July 24th. TheStreet downgraded CryoLife from a “b” rating to a “c+” rating in a report on Monday, October 30th. Finally, Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of CryoLife in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.63.
Institutional investors and hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of CryoLife by 3.2% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,150 shares of the medical equipment provider’s stock valued at $102,000 after purchasing an additional 190 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of CryoLife by 80.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,387 shares of the medical equipment provider’s stock valued at $107,000 after purchasing an additional 2,407 shares during the period. First Mercantile Trust Co. increased its holdings in shares of CryoLife by 5.6% in the 2nd quarter. First Mercantile Trust Co. now owns 5,448 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 291 shares during the period. Creative Planning increased its holdings in shares of CryoLife by 3.0% in the 2nd quarter. Creative Planning now owns 6,806 shares of the medical equipment provider’s stock valued at $136,000 after purchasing an additional 200 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of CryoLife by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 6,937 shares of the medical equipment provider’s stock valued at $138,000 after purchasing an additional 1,041 shares during the period. Institutional investors own 70.34% of the company’s stock.
CryoLife Company Profile
CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.
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